META GLOBAL TEAM
US stocks: US stocks reverse early gains as Nvidia turmoil hits tech sector
US stocks fell as Nvidia’s leadership turmoil triggered a broad technology selloff, sending the Nasdaq down 1.42% and the S&P 500 nearly 1% lower. Softer-than-expected producer inflation offered little relief as investors weighed the outlook for interest rates and the wider AI trade.
Paytm wallet's return; Inside Jensen Huang’s Nvidia exit
Paytm has received RBI's in-principle approval to restart its wallet business. This and more in today’s ETtech Top 5.
Microsoft stock price: Why is MSFT stock price down leading to Microsoft Corp only loser among Nvidia, Apple, Google-parent Alphabet, Amazon, Meta, Tesla
MSFT stock price today: Microsoft also announced a cash dividend of USD 0.98 per share with ex-dividend date of November 19, 2026.
The Taylor Swift of Tech: Jensen Huang's mastermind rise, wildest dreams and the anti-hero fall
Jensen Huang has resigned from Nvidia, where he served as president and chief executive for 33 years. Allegations about his extramarital relationships, which raised national security concerns, prompted the resignation. Reports indicated one involvement linked to a businesswoman suspected of espionage connections. Huang acknowledged infidelity and faced investigations regarding possible foreign intelligence targeting. His departure marks the conclusion of a transformative era for Nvidia in the technology sector.
Amid layoff season, this Bengaluru company is paying employees to quit and start their own business and return back if things don't work out
Amid layoffs and voluntary buyout offers at global tech companies, Bengaluru-based iD Fresh Food is encouraging employees to quit and start their own businesses. CEO Musthafa PC's entrepreneurship policy offers a partially paid sabbatical, mentorship, access to the company's business network and an option to return if their ventures fail.
ByteDance prepares Meta's Muse-like agent in push to close AI gap
ByteDance is preparing to release an AI assistant similar to Muse by Meta Platforms soon. Co-founder Zhang Yiming has shared his vision of competing with companies like Anthropic and OpenAI by 2030. The company intends to invest up to $70 billion in developing the Seedance video AI platform.
Qualcomm layoffs severance package: 3 months' salary, extra payout based on years of service & one more month's pay for signing exit papers within 3 days; what employees are being offered
Qualcomm has reportedly begun laying off employees in India as part of a global workforce restructuring exercise that could affect around 1,000 staff, or 5–6% of its workforce in the country. Reports suggest affected employees may be offered three months' salary as severance, with additional compensation based on tenure and an extra month's pay for those who sign exit documents within three days. Qualcomm has not publicly confirmed the reported severance package.
WhatsApp to double down on financial services, AI: CEO Kunal Shah
WhatsApp is implementing new strategies aimed at improving user experience by making communication features more intuitive for seamless navigation. The initiative includes streamlining financial transactions, so users won’t have to navigate out of the app. Kunal Shah is also looking to harness artificial intelligence for better schedule management. Collaborations with telecom and payment services may elevate these functions. Importantly, user privacy is safeguarded, maintaining end-to-end encryption on all communications.
'No ordinary CEO': Why the AI race cannot do without Nvidia's Jensen Huang
Nvidia CEO Jensen Huang’s influence extends beyond chip supply, making him a central figure in the global AI industry. The company’s dominance in AI processors, investments across the sector and Huang’s close control over its strategy have raised concerns about the risks of depending heavily on one executive.
'No ordinary CEO': Why the AI race cannot do without Nvidia's Jensen Huang
The star power that 63-year-old Huang draws as the gatekeeper to Nvidia's chips shows how badly the AI industry is leaning on him for the graphics processing units that train models and run services such as ChatGPT.
In 2020, Miami sank 73 concrete sections from the SW 1st Street Bridge to create an artificial reef; the pieces now provide habitat 8 feet above the seabed
In an innovative environmental move, Miami-Dade County has submerged sections of a demolished bridge to form artificial reefs. This effort is designed to foster diverse marine life, including fish, sponges, and corals. While studies indicate that concrete is superior for building these reefs, they still fall short of the biodiversity found in natural settings. This undertaking could inspire similar projects in coastal cities nationwide.
Why Big Tech companies Microsoft, Google, Meta and others are opting for voluntary buyouts
In response to fluctuating market demands, Meta has rolled out voluntary exit packages in France aimed at workforce restructuring. This initiative is part of a broader trend as tech giants like Google and Microsoft implement similar measures globally to optimize costs. These packages offer employees the choice to depart with financial incentives and transition support, showcasing a more favorable approach compared to traditional layoffs amidst economic uncertainty.
After laying off thousands, Meta now offers voluntary exit packages like Google and Microsoft. Here's all you need to know
Meta has launched a voluntary exit programme in France, designed to reorganize its team while pivoting towards artificial intelligence development. This attractive package includes severance pay, mobility leave, and extensive career support for transitioning employees. This initiative reflects a growing trend in the tech industry, as companies like Google and Microsoft are also adopting similar voluntary separation strategies. Employees wishing to participate must apply by November 5.
Why is Microsoft borrowing $25 billion after offering buyouts to 60,000 employees?
Microsoft 25 billion bond sale: Microsoft is raising $25 billion through a bond sale as AI infrastructure costs rise, days after offering voluntary buyouts to nearly 60,000 employees. The company expects up to 3,000 employees to accept the exit offer as it prepares to spend $175 billion on capital expenditure in 2026.
Global Market Today: Asian stocks slide as US chip selloff deepens
The MSCI Asia Pacific gauge dropped 0.4% with South Korea’s Kospi Index sliding almost 3%. In the US, a gauge of chipmakers extended a three-day rout to 12% and the Nasdaq 100 sank 10% from its peak, entering a technical correction. In a sign some investors are looking to buy on dips, US stock futures gained. Japan is closed for a holiday.
India’s small companies need to see AI as more than an artificial promise
India MSME news: India's micro, small and medium enterprises are exploring the adoption of artificial intelligence to enhance productivity. AI is expected to generate significant economic value for these enterprises in manufacturing and services sectors. Various challenges remain regarding the integration of AI into existing workflows and overcoming cost barriers. Collaborative efforts among industry bodies, technology providers, and the government are essential for facilitating this transition.
Besides the bubble, a big AI risk could be growing in the shadows
Investors are worried about potential financial risks linked to Big Tech's investments in AI infrastructure. The technology sector recently experienced a significant sell-off, indicating growing nervousness among shareholders. S&P Global predicts considerable expenses on data centres for major companies like Amazon and Microsoft through 2030.
Explained: Microsoft's buyout offer to about 60,000 employees
Staff on select teams in the US, Canada, India, and Britain, at the level of vice president and below. Some groups are excluded, including some data centre staff and employees in sales and marketing. Chief people officer Amy Coleman told employees in a memo that the offer is meant to create “greater flexibility” for staff.
Bombay HC dismisses Meta’s jurisdiction challenge in Blink Digital case, lists interim relief plea for November 2
The Bombay High Court rejected Meta’s plea challenging its jurisdiction to hear Blink Digital’s dispute over disabled business accounts. Meta had argued that only courts in California could hear the case. The court will next hear Blink Digital’s request for interim relief on November 2, 2026, at 4 pm.
Load More
